More than 500 firms tap construction productivity fund

More than 500 construction firms have tapped on the Construction Productivity and Capability Fund.

Some S$9 million of the S$250 million fund has been given to construction companies to adopt productivity-improving technologies and innovations.

The CPCF was launched in June 2010 as part of a roadmap to improve the competitiveness of the sector.

Under the roadmap, the local construction industry is also required to adopt a Building Information Modeling process by 2015. According to the Building and Construction Authority the industry is on track to meet the 2015 target.

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